Oil Bulls Are Cautiously Optimistic As Brent Holds Above $82 ...Middle East

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Oil Bulls Are Cautiously Optimistic As Brent Holds Above $82
source : OILPRICE ( Middle East ) () 20
Oil prices have been slowly but surely edging higher in July as rising optimism around Chinese demand combines with supply concerns to boost bullish sentiment.Chart of the Week- Chinese authorities have reformed natural gas pricing in the country, linking retail residential gas prices to distributors’ purchasing costs to avoid squeezing the margin of power-generating companies too much.- The deregulation of natural gas prices in China has almost immediately engendered a wave of retail price increases, mostly between 10%-15%, with China Gas…

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